Soybeans are trading with Monday AM 3 to 7 cent gains. Futures were mostly 1 to 3 cents lower, with August down 11 ¾ cents on the week. The cmdtyView national average Cash Bean price was up a penny at $11.33 ¾. Soymeal futures were down $2.60, with August down $6 last week. Soy Oil was up 40 to 50 points, with bean oil up 98 cents for the week.
A private export sale of 238,000 MT of soybeans was reported to China on Friday morning for 2026/27.
Commitment of Traders data from Friday afternoon showed spec traders cutting back 29,535 contracts from their net long position in soybean futures and options in the week ending on August 4. The net long was 125,466 contracts by Tuesday.
A Reuters survey of traders shows expectations for NASS to peg US soybean yield at 52.9 bpa next Wednesday. Harvested acres are seen 163,000 acres higher than in the June report at 84.564 million acres, with production seen at 4.472 bbu.
Aug 26 Soybeans closed at $11.56 1/2, down 3/4 cent, currently up 3 1/2 cents
Nearby Cash was $11.33 3/4, up 1 cents,
Sep 26 Soybeans closed at $11.59, down 1 cent, currently up 6 1/4 cents
Nov 26 Soybeans closed at $11.76 1/4, down 1 1/2 cents, currently up 5 3/4 cents
New Crop Cash was $11.17 1/1, down 1 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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